Hey @Ertemann,
On AADAO giving an overwhelming % of grants to Neutron, this is factually not true. Out of 39 grants issued, 4 were for projects on Neutron (10%). The Hub doesn’t have smart contracts and Neutron has become the de facto execution layer on the Hub.
Not funding any projects on Neutron would mean that AADAO won’t be able to support any dapp, which wouldn’t sit well for a grant program.
Some additional context as well:
- There is currently $34M of NTRN tokens sitting on the ATOM CP from the unclaimed airdrop. Neutron’s success is the Hub’s success
- The projects we funded on Neutron clearly drive value for ATOM. Whenever we fund a project on Neutron, we make sure there is something in return for ATOM. For example, we negotiated with Amulet to use ATOM as the default gas token and ATOM is clearly at the center stage of this lending protocol as the most desirable asset. Neutron is becoming a strong competitor to Osmosis as a DeFi Hub and having ATOM as the leading liquid token in their ecosystem is a must we should embrace to fulfill the narrative of ATOM as money. To become money, ATOM has to be everywhere in DeFi which means finding use cases for ATOM outside of staking. ATOM as a capital asset and preferred collateral in the Interchain is how we make it happen.
- Neutron has just launched their grant program a few months ago which means AADAO will fund fewer Neutron deployments going forward. We have a direct liaison with their team to exchange information about teams that apply to both programs.
@Gnoman as per the community request, we have published salary brackets for all AADAO positions and we will update the post with more details around bonuses in the next 24 hours. I hope this responds to some of your inquiries. Salary brackets are in the budget section under Note 2.